John Imle appointed AED Oil CEO

Australian-listed firm AED Oil Limited announced Thursday has appointed John F. Imle, Jr. as Chief Executive Officer, effective May 1 2011.

John was invited by the AED Board to take the CEO position in order to strengthen the operational and technical focus of the Executive team and manage the critical next stages of AED?s significant exploration, appraisal and development programs, the company said.

John originally joined the Board as Nations Petroleum?s representative in early 2010, following AED?s acquisition of Nations? assets in Indonesia (Rombebai and South Madura PSCs) and Brunei (Block L). John?s appointment as CEO is concurrent with John stepping down from his role at Nations Petroleum.

He has operational knowledge of AED?s assets in Brunei and Indonesia and, as a petroleum engineer, brings over 40 years? experience in the oil and gas industry to the post.

?I?m excited about the potential of AED?s portfolio,? John said. In Indonesia, we have recently announced a two-year extension of the exploration contract at Rombebai. We believe there is an opportunity for a gas discovery of LNG scale and that the potential to acquire new 3D seismic in the South Madura PSC will help identify further potential prospects?. (romel)